Reported 3 days ago
Snap's stock dropped sharply after disappointing second-quarter earnings, which highlighted concerns about growth and mounting losses. Despite a 9% increase in revenue and positive cash flow, the company reported a net loss of $263 million. However, there were positive trends, such as increased engagement with sponsored Snaps and significant growth in its subscription service, Snapchat+. Investors are left wondering whether the stock has become undervalued after such a sell-off, although ongoing concerns about stock dilution and compensation practices persist.
Source: YAHOO